New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-16
THAT CHINLSE BANKING CONCESSION
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when tho negotiations were begun in China
a majority Of the mandarins oi the Empire together
with the NccrOy participated IN tho dciDci atiOns and
for i've wecls these discussions went on continuously
IL was aUno the telephone ana telegraph that
waS cOn-crcd but every icaiuio OF the lnernatl0nai
bank with IT., enlarged powers VI coinage, currency
and tho building OF railroads Throughout the kingdom
WIS care FULLY gone and the benefits hhclS to
result CHINA and the Amcri an ~ Indicate were
natiscd Of Inc progress OF these negotiations by
cipher dispatches, and tho relations between the
Illness r,prcrcnratvcs and the American syndicate
wero throughout OF tho most cordial character.
Finally tho negotiations were completed and a. tho
VicerOy considered that tho Dnchts "hich ~ou"
accrue TO the Chinese Government from the cOnco.-
sions important and 90 valuable ho concluded
dispatch u special envoy with count dr MlthlcWcL
ON hl, return this country 10 personally meet Mr.
BARRIER, tho heal Of tho American ~ Indicate aud con
fer with him a, to certain ino, 90 ai rs mo
sions complete, and VOL" tho law Of Tho land
fart was stated To- "a Gazette" representative by tho
envoy himself whom no was In this city They had
received tho Endorsement and approval of the man
Government at Pckln.
When tho Imperial envoy, Mr.. S. T. Ma kicn-Clrang
went over Ia Philadelphia and met Mr.. Wharton
iarkcr the discus, ION Of the eieyonunot twelyem
again I'm order that when operations should begin
there could be- misunderstanding on either side
As fast a. clause agreed upon-and the bcst
legal talent in this country employed to represent
both the syndicate and the Chinese GOvcrnmcnt-ir
was cabled to the vlcoroy and approved and he in
turn al once notified his represent atvcs here, we'll
a. Mr.. Barker that It was accepted and the final
inInodiaiciy accepted by him. There l. no knowledge
either on the art OF the Chinese officials In this
couutry or Mr.. Barker that there has evor been
Intention on the part Of the Government OF China "a
recedc In any degree from tho full carving OF
All the prov si0ns In the concsssions originally
granted.
Tho agreement between tho American syndicate
aud the Chincse Government Is an accomplished
The mOIny to carry tho enterprise has
irrn subscribed. both In china and this country,
and a formal election OF officers will be hal
The opposition Of the Europeans has been unavailng,
ard thoy will have to submit To- the serious o-n OF
Cnncse trade OF which thoy have for many YEAR,
cninved a complete monopoly.
These Gomez and tho formation OF the Amcri-
can syndicate much to this country. There are
eighteen treaty ports In China and tho trade with them
amounts to about 81 200 OOO0DO annually. Hereto
fore this has been controlled by English French aud
German traders who have furnished inferior goods
at oAorbitant prices. Tho Chinese shrewd enough
and realized that they were being swndled, but
no way out of their difficulty until this proposition
made to them by the count do Ntkiewicz on behalf
OF tho American syndicate In this China l. TO
an equal partnership with the syndicate and thus
will derive equal benefit from the enterprises. China
knows that In tho United States manufacture
hotter goods than England. Franco Germany and
| can sell them al cheaper rates. Sho knows that II
he deals with uS direct she will get American articles
| Of American manufacture and not bogus goods with